Investment Process

Asset Management

The Process Matters

Each person’s investment situation is unique and addressed as such. Whether our clients look to us for work on a per-project basis like financial planning or for us to proactively manage their assets, our recommendations are made in a way that maximizes returns within jointly determined risk parameters.

To this end, a comprehensive, three-tiered approach is utilized in the firm’s portfolio management.

1

Define Overall Investment Policy through:

Long-term goals

Financial objectives

Time horizon

Risk tolerance

Income/principal needs

Return objectives

Portfolio restrictions

2

Asset Allocation Shifts:

The firm’s method of disciplined management seeks to effectively optimize portfolio returns within the client’s quantified risk guidelines. Essential to this process is developing, implementing, and monitoring each client’s asset allocation and portfolio structure to ensure congruency with both the firm’s investment outlook and the established parameters of the investment policy.

3

Security Selection Process:

Finally, a defined and rigorous security selection process is utilized in both the initial establishment and the ongoing oversight of each component of clients’ portfolios. This applies to both stocks (equity) and bonds (fixed income).

Asset Allocation is the strict execution of an investment policy, which is unique to each of our clients. We balance risk levels by fine-tuning the percentage of the assets in an investment portfolio as appropriate for that client’s goals, timespan and risk tolerance.

Like our stock selections, we utilize various strategies to manage fixed income allocations. Portfolio size and our views on the most efficient investment vehicle for each segment of the portfolio determine which specific strategies are employed. These strategies include: